
Central Bank of Nigeria
Removal of the Spread on Foreign Exchange Transactions
- Author
- Central Bank of Nigeria
- Reference No.
- FMD/DIR/PUB/CIR/001/012
- Year
- 2024
- Pages
- 1 page
The Central Bank of Nigeria discontinues caps on spreads for interbank foreign exchange transactions and restrictions on the sale of interbank proceeds. Authorised Dealers must continue trading on a willing buyer and willing seller basis, comply with ethical standards and transparency requirements, immediately record executed…